In microeconomics, marginal profit is the term used to refer to the difference between the marginal cost and the marginal revenue for producing one additional unit of production. Under the marginal approach to profit maximization, to maximize profits, a firm should continue to produce a good or service until marginal profit is zero.
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Famous quotes containing the words marginal and/or profit:
“Of course I’m a black writer.... I’m not just a black writer, but categories like black writer, woman writer and Latin American writer aren’t marginal anymore. We have to acknowledge that the thing we call “literature” is more pluralistic now, just as society ought to be. The melting pot never worked. We ought to be able to accept on equal terms everybody from the Hassidim to Walter Lippmann, from the Rastafarians to Ralph Bunche.”
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“If a man suffers ill, let it be without shame; for this is the only profit when we are dead. You will never say a good word about deeds that are evil and disgraceful.”
—Aeschylus (525–456 B.C.)